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Thursday, May 27, 2010

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Forex: AUD/USD reaches levels above 0.8300
Australian Dollar has bounced back from 0.8185 session low, and rallied in Europe,to return to levels above 0.8300, retreating Asian session's decline, and approaching resistance level at 0.8355/65 -May 21 and 24 highs-.

If the pair manages to consolidate above 0.8300, next resistance level comes at the mentioned 0.8355/65 (May 21 and 24 highs) and then at 0.8515/30 (intra-day support/resistance on May 19).

On the downside, immediate support level lies at 0,8185 session low, and below here, 0.8065 (May 20/25 low) and then 0.8000 (psycho level).

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